F I were to start a new business, the three departments that I would need right away are the production department, a sales and marketing department, and a finance department. A production department would be necessary as I would require a product or service to offer the market. A sales and marketing department would also be necessary, because I would need to sell this products in order to make money. A finance department would be necessary to manage the financial resources of the company.
To resolve a problem or select between multiple options
Answer:
direct; indirect
Explanation:
Foreign exchange quotations, relative prices or rates quoted among players in foreign exchange markets.
There are 3 types of foreign currency quotations :
- Direct quote: Direct quote is the unit price of a country quoted in reference to the country's currency.
- Indirect quotation: Indirect quotation is the reverse of direct quotation. This is the unit price of a country's currency known as foreign exchange terms.
- Cross-Rates: Although the banks deal with non-bank customers in the convertible currency for the French Franc / Italian lira, the Sterling / Spanish Fiesta, the Swiss franc / French franc and so on, the interbank market is usually in US quotes against the dollar.
Answer:
FV= $7,435.74
Explanation:
Giving the following information:
Initial investment= $6,400
Interest rate= 1.5%
Number of periods= 10 years
<u>To calculate the value of the account in ten years, we need to use the following formula:</u>
FV= PV*e^(i*n)
FV= 6,400*e^(0.015*10)
FV= $7,435.74
Answer:
Instructions are below.
Explanation:
Giving the following information:
Budgeted sales:
July= 21,500
August= 24,300
September= 28,700
October= 28,900
Grantham maintains an ending inventory equal to 10% of the current month’s sales. The ending inventory at June 30th was 3,100.
Production budget= sales for the month + desired inventory - beginning inventory
July:
Sales= 21,500
Ending inventory= (24,300*0.10)= 2,430
Beginning inventory= (3,100)
Total= 20,830
August:
Sales= 24,300
Ending inventory= (28,700*0.10)= 2,870
Beginning inventory= (2,430)
Total= 24,740
September:
Sales= 28,700
Ending inventory= (28,900*0.10)= 2,890
Beginning inventory= (2,870)
Total= 28,720
